Streamlined HOA Management: PRG Management Introduces Cutting-Edge Features

In the world of Homeowners' Association (HOA) management, efficiency and transparency are crucial for fostering strong communities. That’s why PRG Management, your partner in Chicago HOA, condo, and townhome management, is thrilled to announce the rollout of several innovative features designed to streamline operations and enhance the overall experience for homeowners and residents alike.

1. Liabilities Report: Enhancing Financial Oversight

Managing financial obligations is a cornerstone of effective Chicago HOA management, and PRG Management's new Liabilities Report feature is set to revolutionize the process. This new tool provides comprehensive insights into the association's financial liabilities, ensuring transparency and accountability in financial management. With detailed reports and analytics at your fingertips, Chicago HOA boards can make informed decisions to safeguard the financial health of their community.

2. Violations Preview: Improving Compliance Monitoring

Maintaining community standards is essential for preserving property values and promoting harmony among residents. PRG Management's new Violations Preview feature simplifies the process of monitoring compliance with Chicago HOA rules and regulations. From resident parking violations to architectural infringements, this tool provides Chicago HOA boards with a preview of potential violations, allowing for proactive enforcement and timely resolution of tenant/owner violations.

3. Architectural Requests: Streamlining Approval Processes

Managing architectural requests efficiently is vital for maintaining the aesthetic integrity of the community while accommodating residents' needs. PRG Management's new Architectural Requests feature simplifies the submission and approval process for architectural modifications. Residents can submit requests online, track their progress, and communicate with their Chicago HOA board seamlessly, ensuring a streamlined and transparent approval process for all parties involved.

4. Resident Center Resources: Empowering Homeowners

At PRG Management, we understand the importance of fostering a sense of community and providing residents with convenient access to essential resources. That's why we're excited to introduce Resident Center Resources, a centralized “town board” hub where homeowners can access important documents, community announcements, and helpful resources anytime, anywhere. From meeting minutes to community guidelines, residents have everything they need to stay informed and engaged in community matters.

Experience the PRG Management Advantage Today

Ready to elevate your HOA management experience with PRG Management's innovative technological tools and dedicated support? View our suite of property management services to learn more about these exciting new features and how they can benefit your community. With PRG Management by your side, you can streamline operations, enhance transparency, and foster a thriving community that homeowners are proud to call home.

If you have any questions please feel free to call us at (312) 600-8896 or fill out the form below and a Chicago property manager will be in touch!

Investment Rental Owner Portal - Video Demo

Video Transcript:

Hello! Welcome to PRG Management's Rental Owner Portal Demo. Today, we'll walk you through the login process and provide an overview of the features available to you.

To access the owner portal, visit our home page at prg-management.com. Look for the "Login" option located on the top right corner of the page. Click on it to proceed.

Once you're on the login page, select the "Investment Rental Owner Portal" option. This will direct you to the login interface. If you encounter any issues logging in, choose the "Forgot your password" option. If the link provided in the welcome email is no longer working, please note that you should have received a previous password reset link to the same email address. In case your email address doesn't match our records, please contact our office at 312-600-8896.

Once successfully logged in, you'll be directed to your home screen. This screen serves as your central hub for managing your rental property. If you need to deposit funds for the initial setup fee, capital improvement projects, or repairs, you'll find a "Send Funds" button on the home screen of the Accounting or General Rental Owner page.

For a comprehensive overview of your rental property's financials, we recommend accessing the main report located under the "Reports" tab. The report is called the "Rental Owner Statement." Feel free to mark this report as a favorite or any other reports you frequently review.

Within the Rental Owner Statement, ensure that you have selected the correct date range and property if you own multiple properties. You can customize the dates to fit your needs. Additionally, you can choose to include or exclude an income statement, transaction details, and inactive properties.

In this demonstration, we will examine a February rental owner statement, including an income statement with all transactions. Please note that the rental owner statements are generated after management fees are processed around the 10th of each month. Owner statements are then sent from the 10th to the 15th, and owner funds are dispursed from the 15th to the 20th of the month.

Now, let's take a closer look at the rental owner statement. It provides a breakdown of the beginning cash balance, income, expenses, ending cash balance, deposits, and liabilities. For commercial properties, you may find common area expenses, pre-collected taxes, or reserve funds. The ending available payment represents the funds we should have dispersed to you.

In addition to the owner statement, we've included an income statement for your convenience. If you prefer not to view it, you can choose to remove this section. The income statement provides a detailed overview of all transactions during the selected period.

Please note that attachments cannot be viewed within the statement itself. To access attachments, navigate back to the main menu, select "Accounting," then "Financials." This section will resemble your home screen, and here you can find more details and attachments as they become available.

If you have any further questions or need assistance, please don't hesitate to email your property manager or call our office at 312-600-8896.

Thank you for joining us for this owner portal demo. We hope you find our rental management tools beneficial and efficient for your property management needs.